What to know:
- 💸 Ah, Bitcoin, our favorite rollercoaster-dropped from $103,177 to $102,203, as if it was saying “Curses, you cruel universe, take this lucrative number too!”
- 📈 Trading volume went from 0 to HULK SMASH, spiking 138% above average during this Tuesday action-like someone stole the charts and wrote “Exorcist 2.0!”
- 🛂 Price took a breather between $101,500-$102,200 as if it was parked in a mall, doing…nothing. These final hours were more boring than watching paint dry during an eclipse.
In the words of a sane CoinDesk Research model (if they could talk 🗣️), Bitcoin took an orderly walk down Wall Street, sliding like a greased up Val Kilmer in “Top Gun.” From $103,177 down to $102,203, it carved out a “so-it’s-all-for-naught” structure after hitting a brief money fairy peak at $105,342.
The most valuable digital money on the planet swung within a hefty $3,289 range, with the critical breakdown waving “hey there!” at 2:00 PM on an epic 27,579 BTC volume-138% above the average or “normal,” which apparently doesn’t mean ‘ever.’
Tuesday morning, BTC climbed up a tree and decided to try touching on $105,050 resistance only to zipline down lower through 4:00 PM UTC, like Indiana Jones in his most daring act without a chic boulder. It steadied in the final eight hours like a hokey old shopping cart circling $101,500-$102,200, as the sell-off pressure eased.
Recent hourly data saw choppy waves like a sumo wrestling match between $101,940-$102,475, marking a modest bounce from session lows, all while traders got creative with an average turnover of 165 BTC. Despite multiple Hail Marys above $102,400, BTC held firm on $102,000, like WALL-E guarding his can of Rubindor.
Technical Retracement vs. Institutional Demand
Our beloved currency pulled back as gracefully as a clown car following a hearse. Meanwhile, spot bitcoin ETFs-eager youngsters in suits-swallowed $524 million in net inflows! BlackRock and Fidelity stepped up their game, bringing in a hefty sum as if they thought Bitcoin were short on antioxidants.
Behind these calm patterns, exchanges like Binance absorbed roughly 7,500 BTC daily-highest since March. It seems our short-term holders, with their wallets scratched near $112,000, are breaking a sweat. Ouch!
Fortunately, the miners are keeping spirits high, with their hash rate momentum scores cheerleading in the stands-a perfect antithesis to otherwise expected terminal panic.
Key Technical Levels: BTC’s Emotional Whiplash
Support/Resistance: Brave support clings to $102,000 with a “you’re almost there” vibe at $101,450, while resistance holds firm at $105,050, trailed by a phalanx at $107,000.
Volume Analysis: Spiked to a historical hiccup at 27,579 BTC during the wild ride, then chilled to 165 BTC averagely during the cool down, like a lava lamp deciding to have a nap.
Chart Patterns: We’ve got some classic bearish dance moves here: consecutive lower highs through the evening, followed by an attempt at chilling on $101,500-$102,200, like Jim Carrey trying to pretend to be calm.
Targets & Risk/Reward: Break $102,000 and it spells an invitation to the $100,600-$101,200 casino; snag $105,050 back, and the $107,400 treasure map gets dusted off for another voyage.
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2025-11-13 06:35